Posted 2/26/2024, 4:47:00 PM
Foamed Plastic Insulation Market Soars to $80B, Propelled by Construction Demand and Energy Efficiency Trends
- Global foamed plastic insulation products market valued at $80.2B in 2022, projected to reach $108.1B by 2030
- Building and construction sector dominates market share due to energy efficiency trends
- Phenolic foam leads market currently due to outstanding thermal performance
- Asia Pacific holds lion's share of market, driven by urbanization
- Polyurethane foam segment poised for fastest growth due to thermal insulation properties